GUARANTEES OF OJSC “GUARANTEE FUND”, ISSUED WITHIN THE FRAMEWORK OF AGRICULTURE FINANCING FOR A PERIOD FROM 2018 TO 2019

OJSC “Guarantee Fund” provides guarantees for priority sectors of the economy, including in the framework of state programs of preferential financing “Financing of agriculture”, “Financing of export-oriented and import-substituting enterprises”, and others. For instance, in the Agriculture Financing program in 2018-2019, 132 entrepreneurs received a guarantee support in total of 189 million KGS.

Participating in such programs, OJSC “Guarantee Fund” pays great attention to regional entrepreneurs involved in the production and processing of agricultural products. Agriculture, as you know, is one of the main sectors of the economy of the republic and provides jobs for 50% of the working population. In addition, it should be borne in mind that more than 60% of Kyrgyzstanis live in rural areas.

By regions, the largest number of guarantees of OJSC “Guarantee Fund” in 2018-2019 provided to entrepreneurs of Naryn region – 40. Then come Chui – 36, Osh region – 16 guarantees and then in descending order. In monetary terms, more guarantees were issued in Chui region – 78 million KGS, Osh – 33, Jalal-Abad – 30 million KGS, etc.

As for the amount of loans received under the guarantees of OJSC “Guarantee Fund”, the largest amount is for 2018-2019 marked in Chui region – 257 million KGS, followed by Osh – 104, Jalal-Abad – 69, Talas – 57 million KGS, etc.

The largest number of loans under guarantees for the specified period was issued by Aiyl Bank – 83 (the amount of guarantees – 11 million, the amount of loans -359 million), the second place was taken by “RSK Bank” – 33 (the amount of guarantees – 59, the amount of loans -161 million KGS).

Credits under guarantees OJSC “Guarantee Fund” under the Agriculture Financing program were also issued by the banks “Bakai Bank”, “KICB”, CB “Kyrgyzstan”, “Halyk Bank”.

Note that, taking into account the low cost of real estate in the regions of the country, the guarantees of OJSC “Guarantees of OJSC “Guarantee Fund” allow farmers to attract more resources for the development of their business, becoming a catalyst for its growth.